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Bullboard - Stock Discussion Forum Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Healthcare Biotechnology
Oncolytics Biotech Inc. is a clinical-stage biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and... see more

TSX:ONC - Post Discussion

Oncolytics Biotech Inc > Immunomedics former CFO pleads guilty to insider trading
View:
Post by Noteable on May 18, 2023 11:14am

Immunomedics former CFO pleads guilty to insider trading

May 18, 2023 - Former Immunomedics Chief Financial Officer Usama Malik has pleaded guilty to a charge of insider trading for tipping off his girlfriend that the biotech’s breast cancer drug had succeeded in a clinical trial, allowing her time to purchase shares before the information went public.

Immunomedics was acquired by Gilead in October 2020 for $21 billion.

https://www.fiercebiotech.com/biotech/former-immunomedics-cfo-pleads-guilty-securities-fraud-over-trodelvy-tip
Comment by fasttrack5 on May 18, 2023 1:40pm
Let's hope ONC gets bought out for 21 billion also but without insider nonsense.
Comment by westcoast1000 on May 18, 2023 3:22pm
That was very stupid of Usama Malik. He would have had more than enough for both of them from his options. Dumb dumb dumb. 
Comment by Noteable on May 26, 2023 8:27pm
Remember this Kirk ! 
Oncolytics Biotech Inc
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